Dow Jones Technical Outlook: Value Stocks Do Not Provide A Safe Haven Refuge
Source: SeekingAlpha
2025-04-22 17:45:00 ET
Summary
- The recent sell-off in major US stock indices has been largely driven by broader macroeconomic factors.
- Value stocks may not be able to provide a hedge against undiversifiable risks.
- A further bear steepening of the US Treasury yield with rising stagflation risk may trigger a negative feedback loop into the DJIA.
- Watch the 36,300 key intermediate support of the DJIA.
By Kelvin Wong
This is a follow-up analysis of our prior report on a related major US stock index, dated 10 April....
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Dow Jones Technical Outlook: Value Stocks Do Not Provide A Safe Haven Refuge
Global X Dow 30 Covered Call ETF
NASDAQ: DJIA
DJIA Trading
-0.46% G/L:
$21.46 Last:
22,551 Volume:
$21.59 Open:
